🇨🇳🇺🇸 STABLECOIN PRESSURE RISING: China is warning USD stablecoins could “weaken financial sovereignty,” per ex-FX chief Guan Tao.

While the U.S. pushes private innovation with the GENIUS Act, China is doubling down on its CBDC (digital yuan) and encouraging RMB stablecoins offshore.

CBDCs and stablecoins are heading for a global showdown. Who wins: control or competition? ♟️#US #china